My T - AI Bookkeeping for Micro Businesses
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My T at a glance

My T App helps its’ users keep their financial records in one place. This includes managing their bank statements, invoices and CIS statements. Users are also able to create invoices and send them to their clients electronically via this app.

AI Powered

My T accelerates your accounting with AI through automated extraction of invoice data making it quick and easy to get scans and high quality images processed. Our AI algorithm takes care of data entry automatically, which saves you manual labour required to do so, allowing your business to expand.

How it works

Simply! Just take a picture through the app, crop it and send it – we will take care of the rest. All accounting information gathered by the client while using My T app is added to his record and automatically uploaded to the secure accountants’ server. Depending on the type of subscription, data might be only stored or transferred to the data entry algorithm, where AI does its magic and extracts data from scans and pictures into an editable spreadsheet. Because of digitization our clients don’t have to worry about losing their receipts and invoices, even when they lose access to their smartphone.

Why My T

My T was created to help micro businesses and their accountants keep and process all of their clients’ records efficiently. Adding up receipts will be a thing of the past. Just take a picture of your receipts and the rest will be done by My T and your accountant.

My T is not just a record keeping app, it is backed by AI augmented Optical Character Recognition algorithm, which allows us to efficiently extract relevant data from users’ uploads and convert it to spreadsheet format automatically. Data will be divided into accounts and ledgers, taking away the burden of manual entry.

WHY OUR APP

My T is the product of years of professional experience as an accountant. We’ve listened to our customers and delivered a solution they can all use. We want this to be a building platform for future development of a broader accounting solution

REGULAR UPDATES

My T is fully supported with regular feature releases and updates. You’ll never be left with an ageing app again!

Simplicity at its core

We wanted to create the easiest and most seamless experience on the market that’s why My T is designed with simplicity and ease of use in mind.  Leaving you to get on with what matters most, making your business even more successful!

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Features Include

  • Artificial Intelligence backed data extraction
  • Professional invoice creator
  • Invoice, bill and receipt management tools
  • Client and accountant base management tools
  • Automatic and manual mileage tracking
  • Dedicated storage space for client data

Getting started is easy

Download the app from the Apple or Google Play stores. Some FAQs for common tasks are below

Create Customer Invoices

  1. Click on CREATE CUSTOMER INVOICE icon
  2. Invoice creation menu should pop up on your screen, fill in the data and choose the intended customer to send that invoice to

Note: if it’s a new customer, press the ‘Add’ button in the customer selection menu and fill in the data of the customer

  1. Created invoice is sent to customer’s e-mail address

Note: you do not need to send an invoice straight away, you can keep it initially as a draft, draft invoices will be kept in ‘Draft Invoices’ sidebar tab

Upload Supplier Invoices

  1. Click on UPLOAD SUPPLIER INVOICE icon
  2. First, write the supplier name in the designated box
  3. Next, choose whether you want to take a photo or upload a file you have on your phone already
  4. After these steps, press ‘Submit’ and the invoice will be added to your files
  5. You are able to take a photo or upload a made photo from your phone, of any proof of expenditure (eg. Invoice, receipt, travel tickets, car park tickets etc)

Note: You can upload a file in: PDF, DOC, PPT,XLS, TXT formats

Upload bank statements or CIS vouchers

  1. In order to submit your statements click on BANK STATEMENTS/CIS icon
  2. Then choose, either Bank Statements or CIS, depending on whichever you want to upload
  3. Take or upload a photo using ‘Photo’ button or upload a file from your phone using ‘File’
  4. Finally, press ‘Submit’ to upload the attachment
  5. You can view your uploaded bank statements or CIS vouchers by going into ‘Bank Statements’ or ‘CIS’ tab

Note: You can take a photo of each document or upload documents in following formats: PDF, DOC, PPT, XLS, TXT formats

Mileage

My T can easily help you expense your mileage and more.

How to record mileage

  1. Before you start your journey, click on MILEAGE icon then press Start.
  2. A ‘Meeting Description’ window opens and you must state the purpose and a nature of your travel
  3. Tick the ‘is Business Trip’ box if it is a business trip
  4. At the end of your journey press stop or pause (depending on the stage of the journey)

Note: You can always go back to your journey record to view the details of any driving you had made.

For Accountants

We also offer our services to accountants. My T app can be adapted to your liking, and can become a useful tool for you. We provide you with the app and server capacity to store your client’s data. You don’t have to worry about security – we take care of securing your data. Along the App you will get access to the Administration Portal, through which you can

Manage your clients

Keep a database of your clients and their data in a secure place, and manage it from everywhere in the world.

Manage your business

Maintain control over your business wherever life takes you, through our administration portal which gives you quick access to all the vital information.

Quick insights

Check whether your client paid his subscription fee and whether he is on track with the digitalisation of his records.

AI Accounting

Automatically convert client’s uploads into a ledgered spreadsheet format, containing all required accounting information.

How My T could benefit you?

With My T you won’t have to invest in app development in order to comply with MTD legislation, as you will get a product that is fully ready to use and compliant with legislations. Furthermore, digital access to clients data saves you time, as you don’t have to wait for the client to drop in his documents. AI implementation saves you a lot of man hours of tedious manual data entry – the automatisation of this process allows you to grow your business larger without the need for extra man power. This is why we believe our product is tailored towards small and medium sized accounting practices.

Pricing

Price, availability and features may vary by location. Subscriptions will be charged to your credit card. Your subscription will automatically renew monthly unless cancelled at least 24-hours before the end of the current period. You may manage your subscriptions and auto-renewal may be turned off in Account Settings after purchase. Any unused portion of a free trial period will be forfeited after purchasing a subscription.

Standard
Free
Essential
£15
Pro
£25
Ultimate
£40
Features
Creating
customer invoices
a a a a
Uploading bank
statements
a a a a
Uploading CIS
vouchers
a a a a
Mileage
Tracking
a a a a
Customer
list
a a a a
Uploading
Supplier Invoices
a a a a
AI analytics up to
50 documents
a a a a
AI analytics up to
100 documents
a a a a
AI analytics up to
200 documents
a a a a

About Us

My T is a subscription based service designed for freelancers and micro businesses. My T provides a way to keep track of your company’s finances on the go. Send and manage invoices and bills, keep track of your expenses and track your mileage. With help of My T app You and Your accountants have instant access to all the financial data about your company.
Why choose My T?
From 1st April 2019, businesses with taxable turnover above the VAT registration threshold must keep and preserve digital records and provide VAT returns using compatible software. My T will help customers keep digital record of their company in a simple way. Therefore, customers will have all their bookkeeping records in one place to comply with Making Tax Digital.

GET IN TOUCH

We’re a friendly bunch, get in touch if you need more information or have any questions.

Tel:
+442035599595

Email:
info@mytaxation.co.uk